24 May
Brexit News, Member News

The Weekly Vulcan View | Analysis of Latest EU Developments May 20 – 24

Key Events This Week May announces resignation setting off leadership contest Theresa May ended months of speculation about her leadership this morning as she gave an emotional statement confirming she would resign as Leader of the Conservative Party on June 7th. She will remain as Prime Minister until a new successor is chosen by Conservative party members with the expectation that over a dozen candidates may enter the race. The Prime Minister’s fate was sealed this week after a bruising rejection from...

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23 May
Member News, Trade & TTIP Related

President Trump Delays Implementation of Section 232 Tariffs on Imports of Automobiles and Automobile Parts

President Donald Trump today announced that his administration would delay for six months any action on the determination of the Department of Commerce (Commerce) in the Section 232 national security investigation into imports of automobiles and automobile parts. This investigation under Section 232 of the Trade Expansion Act of 1962 was self-initiated by Commerce in June 2018 (see Trump and Trade Update of June 1, 2018) and, while a final report and determination was presented to the president on February...

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23 May
Member News

Global Climate City Challenge supports climate action projects around the world

At the International Conference on Climate Action – ICCA 2019 – in Heidelberg, Germany, the Global Covenant of Mayors for Climate and Energy and the European Investment Bank have announced the 20 shortlisted cities of the Global Climate City Challenge. Launched at the Global Climate Action Summit in San Francisco in September 2018, the Global Climate Cities Challenge aims to strengthen technical assistance and financing for climate action projects especially in cities in Africa, Asia and Latin America as well...

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22 May
Member News

Supreme Court Rules that Trademark License Rights Survive Rejection in Bankruptcy, Resolving Circuit Split

On May 20, 2019, the U.S. Supreme Court resolved a circuit split on the treatment of trademark licenses in bankruptcy. In an 8-1 decision, the Court held that a licensor's rejection of a trademark license in bankruptcy does not rescind the rights conveyed to the licensee. Rather, the licensee may continue to use the trademark if it wishes to do so, so long as it continues to comply with its own obligations under the license (such as payment of...

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21 May
Member News

Trump’s Latest Tariffs Threaten the American Toy Economy – Help Us Push Back!

By Steve Pasierb | President & CEO | The Toy Association As a community that brings joy and developmental benefits to kids through toys and play, your Association and fellow toymakers are banding together to let President Trump know that his administration’s proposed 25 percent tariffs on all finished toys from our partner factories in China would destroy many successful American businesses – not to mention ruin Christmas, birthdays, and other special occasions for kids. With the fourth list of proposed...

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21 May
Brexit News, Chapter News, News

Prime Minister Theresa May’s speech on new Brexit deal

Transcript of speech delivered 21 May 2019  I became Prime Minister almost three years ago – immediately after the British people voted to leave the European Union. My aim was – and is - to deliver Brexit and help our country move beyond the division of the referendum and into a better future. A country that works for everyone. Where everyone has the chance to get on in life and to go as far as their own talent and hard work can take...

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21 May
Chapter News, News

Circular Economy: Commission welcomes Council final adoption of new rules on single-use plastics to reduce marine plastic litter

Brussels, 21 May 2019 The Council of the EU today adopted the ambitious measures proposed by the Commission to tackle marine litter coming from the 10 single-use plastic products most often found on European beaches, as well as abandoned fishing gear and oxo-degradable plastics. The rules on Single-Use Plastics items and fishing gear envisage different measures to apply to different product and place the EU at the forefront of the global fight against marine litter. Where alternatives are easily available and...

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20 May
Chapter News, News, Trade & TTIP Related, Uncategorized

Extra-EU trade in goods by invoicing currency – Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Brussels, 20 May 2019 Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade...

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20 May
Member News

Huawei trouble lifting safe haven status in USD

Overview: The U.S. Dollar has managed to maintain its gains of an overall average of 0.5% thus far this May, according to the Bloomberg Dollar Spot Index.Fluctuations in the FX market have not been totally unfavorable to the greenback, which has found its way back as a result of growing uncertainty over trade with developments that affected main communications company Huawei. The trade war targeting the company adds on to fear about the global supply chain being affected along with...

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20 May
Member News

Update on Property Tax Issues: May 2019

The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).   USA California: Protect Prop 13 protections for property owners In November 2020, California voters and taxpayers will have the opportunity to weigh in on one of the most...

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